SpiceJet buys 42 Boeings for $4 billion

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Hyderabad: SpiceJet has announced that it has ordered for 42 Boeing 737 MAX jets.

SpiceJet has agreed to buy about 40 Boeing jets worth over $4 billion at list prices, industry sources had said in January, a move that could help the loss-making carrier as it seeks new investors.

The airline, controlled by billionaire Kalanithi Maran’s Sun Group, is seen as a target for foreign investors after India loosened restrictions on investment by foreign airlines

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